Summary and updates of the mixed-use developments coming to Indian Land

map of Parkstone, Redstone, Crossridge and the Exchange.

Parkstone, RedStone, CrossRidge and The Exchange

We did a social media post with updated renderings for The Exchange and were surprised by how many people didn’t know it was coming. With so many people moving here, and so many more Untap Indian Land subscribers, we thought it would be a good idea to update everyone on some big plans for our little area.

There are four major mixed-use developments that we are talking about: RedStone, The Exchange, CrossRidge Center, and Parkstone.

Mixed-use development projects aim to offer a variety of benefits: improvements in home affordability, walkability between housing, workplaces, and other amenities, and stronger neighborhoods. Done right, mixed-use developments are designed to not only incorporate various types of real estate together but complement them.

Here are the details we know from the top down.

RedStone

Phase I of RedStone is already complete and is home to Stone Theatres as well as several restaurants, businesses, and retailers. MPV Properties is hoping to begin construction on Phase II by next year. This next phase will include 350 apartments, 20 townhomes, and 24,000 square feet of additional retail space. The buildings highlighted in teal will have ground-level retail. Check out that beautiful event lawn that will host community events!

9560 Red Stone Dr.
www.redstoneshopping.com

There are still leasing options available in Phase 1. Contact spharr@mpvre.com

The Exchange

The Exchange is a proposed Lowes Foods anchored mixed-use development along 521. The prelimenary site plan from Crosland Southeast includes 710 residential units (390 apartments and 320 townhomes) within 12 buildings and as much as 70,000 square feet of commercial space. The plan shows room for 1,750 parking spaces, 40,000 square feet for retail/restaurants, plus an additional 15,000 square feet of retail/restaurant outparcels. The plan also includes 69 acres of open space that could include community space and walking trails.

The additional 28 acres of the land will maintain the light industrial zoning and will be developed independently under the same ownership. Crosland Southeast said that space is intended to be called The Indian Land Technology Park and it will be an important piece of the project.

Hwy 521 & Possum Hollow Rd.
8918 Charlotte Highway

If you are interested in outparcel space, contact Darrell Palasciano 704.644.4587 or Matt Henry 980.701.0034 with The Providence Group

CrossRidge Center

CrossRidge Center is a 190-acre mixed-use commercial development site that offers more than 1,500 feet of frontal facing property on Hwy 521. Home of the Indian Land YMCA, the site has plans for office, multifamily, retail, and a hotel.

The next phase of 57,000 square feet of retail space in 8 buildings (Destination North) will begin construction by the end of the year.

See more details on Perkins Eastman’s presentation here.

WorldReach Dr.
www.crossridgecenter.com
If you are interested in the retail/restaurant space, contact Margot Bizon or Lindsay Stafford, margot.bizon@am.jll.com or lindsay.stafford@am.jll.com

If you are interested in office space, contact Charley Leavitt at charley.leavitt@am.jll.com

Parkstone

Parkstone has begun clearing ground on approximately 46 acres of land off of 521. The plan includes a mix of medical, commercial, and/or retail space adjacent to 266 luxury apartments in 10 buildings.

The project has been delayed for quite a while but is back on track with a lot of retail interest already according to Chris Kutlick at The Widewaters Group. Kutlick says the outparcels should be ready by April/May 2023 with the rest of the project completed hopefully by the end of next year.

The Widewaters Group
If you are interested in outparcel space, contact ckutlick@widewaters.com.


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